One-click rollover

Extend a compatible position into a new term through Terminal 1.

One-click rollover lets a user extend an existing Term loan by moving it from its current maturity into a compatible Term market with a later maturity. Unlike the original rollover auction process, one-click rollover presents this as a single routed action in Terminal 1.

How this differs from auction rollovers

• Protocol rollovers (auction): depend on lender participation and auction clearing conditions. The rollover is not instant, and the fill may be partial or may not occur.

• Terminal 1 rollover (one‑click): uses a route-based, flash-loan-backed execution flow. The rollover either completes in full or reverts.

When to use rollover

• You want to maintain exposure beyond the current maturity without fully exiting and re-entering manually.

• You want to move to a later maturity while keeping the same market structure (loan/collateral parameters).

• You want execution to be atomic (either the rollover completes or nothing changes).

What the route does (high level)

A one‑click rollover route generally:

• takes flash liquidity to source repayment funds,

• repays the current Term debt and unlocks collateral,

• uses the unlocked collateral to open a new Term position in a compatible market (different maturity),

• uses the new proceeds to repay the flash loan,

• returns any remaining assets per route outputs and constraints.

Eligibility (compatibility)

One‑click rollover requires a compatible market with a later maturity. Compatibility is determined by market parameters (loan token, collateral token(s), and collateral/risk constraints) and the availability of liquidity in the target maturity.

What to review before signing

• Current position and the target market (especially the new maturity).

• Expected borrow amount and resulting collateralization in the new position.

• Fees and any UI buffers applied to reduce avoidable reverts.

• Authorization scope (approvals/permits/spending caps required by the route).

Common failure causes

• No eligible target market (or insufficient liquidity in the target maturity).

• Proceeds from the new position are insufficient to repay the flash loan after fees/buffers.

• Required approvals/permits are missing or insufficient.

• Market conditions changed between preview and execution.

Notes

One‑click rollover is an execution workflow. It does not change the protocol’s underlying repo mechanics; it changes how the close-and-reopen sequence is composed into a single route. For the auction-based mechanism, refer to the protocol Rollovers documentation.